XML 34 R3.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Loans    
Taxable $ 5,241 $ 5,883
Nontaxable 16 24
Securities    
Taxable 309 330
Nontaxable 175 170
Total interest income 5,741 6,407
Interest expense    
Deposits 498 606
Repurchase Agreements & Other 11 16
Federal Home Loan Bank advances 74 90
Trust preferred securities 333 403
Total interest expense 916 1,115
Net interest income 4,825 5,292
Provision for loan losses    299
Net interest income after provision for loan losses 4,825 4,993
Noninterest income    
Wealth Management Fees 632 643
Customer service fees 610 616
Gain on sale of mtg. loans & OMSR's 572 1,484
Mortgage loan servicing fees, net 245 179
Gain on sale of non-mortgage loans 23 156
Data service fees 306 414
Net gain on sales of securities    20
Gain/(loss) on sale/disposal of assets (34) (105)
Other income 206 160
Total non-interest income 2,560 3,567
Noninterest expense    
Salaries and employee benefits 3,120 3,439
Net occupancy expense 664 650
Equipment expense 639 755
Data processing fees 211 77
Professional fees 338 429
Marketing expense 123 108
Telephone and communication 112 158
Postage and delivery expense 204 215
State, local and other taxes 92 134
Employee expense 115 152
Intangible amortization expense 131 153
OREO Impairment    33
Other expenses 330 367
Total non-interest expense 6,079 6,670
Income before income tax expense 1,306 1,890
Income tax expense 326 572
Net income $ 980 $ 1,318
Common share data:    
Basic earnings per common share $ 0.20 $ 0.27
Diluted earnings per common share $ 0.20 $ 0.27